Great-West Introduces New Target-Date Funds

Great-West Retirement Services today introduced the Maxim Lifetime Asset Allocation Series.

According to a press release, the Maxim Lifetime Asset Allocation Series provides:

  • Three glide paths,
  • A lifetime investing approach,
  • Third-party consultation,
  • 20 investment managers,
  • 28 underlying funds, and
  • A blend of active and passive investment management.

“We waited until now to introduce a target-date product because we wanted to redefine and enhance the target-date fund category,” said Charlie Nelson, president of Great-West Retirement Services, in the press release. “Through the passage of time and the benefit of 20/20 hindsight, it became clear that first generation target date funds have some limitations. The Maxim Lifetime Asset Allocation Series addresses those concerns.”

For more stories like this, sign up for the PLANADVISERdash daily newsletter.


More information can be found at

More information can be found at www.gwrs.com.

 

«